The EGX30 rose 0.4% at today’s close on turnover of EGP 3.9 bn (11.1% above the 90-day average). Regional investors were the sole net buyers. The index is up 4.4% YTD. In the green: GB Corp (+8.8%), Orascom Development (+6.1%) and Rameda Pharma (+5.2%). In the red: E-finance (-2.2%), Madinet Masr (-1.9%) and AMOC (-1.1%).
Author Archives: enterpriseam admin
MARCH 13 March (Thursday): Hakim concert at Hekaytna Helwa Tent, New Cairo. 14 March (Friday): Hamid Al Shaeri and Hisham Abbas concert at Hekaytna Helwa Tent, New Cairo. 14 March (Friday): The Goats stand up comedy at Kamelizer Spaces, District 5. 14 March (Friday): CSA and ALKEMIA Boutique's annual Fenoun Festivities at CSA, Maadi. 14 […]
Gov’t is hoping to attract USD 12 bn in FDI this FY
Good morning, all. We lead today’s issue with news that the IMF Executive Board has completed the fourth review of our USD 8 bn loan program, allowing for the disbursement of USD 1.2 bn, which should land in state coffers within days. We also have February’s inflation figures — the headline reading dropped over 10 […]
Somabay partners with Marriott International to launch an Autograph Collection Hotel, opening in 2027 with 194 sea-view rooms, world-class dining, and wellness facilities. This marks its second collaboration with Marriott after Sheraton Soma Bay (1999). Somabay is home to a collection of renowned hotels, including Kempinski, The Cascades, Robinson Club, and The Breakers, offering a […]
USD 1.2 bn are coming our way within days after the IMF Board completed fourth review of our loan program
The Board also approved USD 1.3 bn in funds under the Resilience and Sustainability Facility
Inflation slips to its lowest level in nearly 3 years in February
Annual headline urban inflation plunged to 12.8% in February
Banque Misr wants USD 1.2 bn in exchange for 45% of Banque du Caire
Emirates NBD is currently conducting its due diligence of the bank
Al Organi Group subsidiary snaps up 26% of Ataqa for EGP 1.9 bn
The acquisition, subject to regulatory approvals and due diligence, values Ataqa at EGP 7.24 bn.